JavaScript

This website requires the use of Javascript to function correctly. Performance and usage will suffer if it remains disabled.
85 Individuals own as much as the poorest half of Globe

World News Desk

85 Individuals own as much as the poorest half of Globe

Learn the why behind the headlines.

Subscribe to the Real Truth for FREE news and analysis.

Subscribe Now

Just 85 people have as much wealth as the poorest half of the world’s population combined, according to a report by Oxfam International.

The report was revealed ahead of the World Economic Forum meeting held in Davos, Switzerland. Titled “Working for the Few,” it offered these statistics:

  • “Almost half of the world’s wealth is now owned by just one percent of the population.
  • “The wealth of the one percent richest people in the world amounts to $110 trillion. That’s 65 times the total wealth of the bottom half of the world’s population.
  • “The bottom half of the world’s population owns the same as the richest 85 people in the world.
  • “Seven out of ten people live in countries where economic inequality has increased in the last 30 years.
  • “The richest one percent increased their share of income in 24 out of 26 countries for which we have data between 1980 and 2012.
  • “In the US, the wealthiest one percent captured 95 percent of post-financial crisis growth since 2009, while the bottom 90 percent became poorer.”

According to Reuters, the World Economic Forum warned that “there was a ‘lost’ generation of young people coming of age in the 2010s who lack both jobs and, in some cases, adequate skills for work, fuelling pent-up frustration.

“This could easily boil over into social upheaval, as seen already in a wave of protests over inequality and corruption from Thailand to Brazil.” 


FREE Email Subscription (sent bi-monthly)


Contact Information This information is required.

Comments or Questions? – Receive a Personal Response! Field below is optional.



Send

Your privacy is important to us. The email address above will be used for correspondence and free offers from The Restored Church of God. We will not sell, rent or give your personal information to any outside company or organization.